Cameco Corporation $CCJ Shares Purchased by Birch Financial Group LLC

Birch Financial Group LLC increased its holdings in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 131.5% in the 1st quarter, HoldingsChannel reports. The fund owned 10,767 shares of the basic materials company’s stock after purchasing an additional 6,117 shares during the quarter. Birch Financial Group LLC’s holdings in Cameco were worth $1,169,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CCJ. Legal & General Group Plc lifted its position in Cameco by 4.6% in the third quarter. Legal & General Group Plc now owns 2,483,216 shares of the basic materials company’s stock valued at $208,450,000 after buying an additional 108,841 shares during the last quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new position in Cameco during the fourth quarter worth about $1,974,000. Intech Investment Management LLC increased its position in shares of Cameco by 3.8% during the third quarter. Intech Investment Management LLC now owns 500,699 shares of the basic materials company’s stock valued at $42,031,000 after acquiring an additional 18,261 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Cameco by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 18,059,335 shares of the basic materials company’s stock valued at $1,653,639,000 after acquiring an additional 258,193 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Cameco by 0.7% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,973,799 shares of the basic materials company’s stock valued at $1,089,080,000 after acquiring an additional 85,762 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Stock Performance

Shares of CCJ stock opened at $107.08 on Tuesday. The stock’s 50-day moving average is $112.40 and its two-hundred day moving average is $110.05. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.09 and a current ratio of 3.08. Cameco Corporation has a 1 year low of $67.60 and a 1 year high of $135.24. The firm has a market cap of $46.64 billion, a price-to-earnings ratio of 99.15, a PEG ratio of 1.94 and a beta of 0.99.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.05. The business had revenue of $607.49 million during the quarter, compared to the consensus estimate of $598.63 million. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.16 EPS. Analysts predict that Cameco Corporation will post 1.21 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CCJ. Weiss Ratings lowered shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Canadian Imperial Bank of Commerce lifted their target price on shares of Cameco to $202.00 in a report on Monday, March 9th. Sanford C. Bernstein restated an “outperform” rating and set a $135.00 price target on shares of Cameco in a research note on Monday, June 15th. Barclays initiated coverage on Cameco in a research note on Thursday, May 21st. They set an “equal weight” rating and a $108.00 price target on the stock. Finally, William Blair started coverage on Cameco in a research report on Monday, April 20th. They set an “outperform” rating for the company. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Cameco currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.42.

Cameco Company Profile

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.